IABC company had the following expenses in June. Factory Utilities Expense FactoryManager's salary Factory Security people salaries Indirect Materials Direct Materials used Depreciation on Factory Equipment 9 Depreciation on Sales ofice copy machines $14,000 Direct labor 25,000 Advertising Expense 50,000 Property taxes on Factory Equipment $175,000 35,000 10,000 15,000 Property taxes on Sales office 5.000 220.000 Factory building repairs 4,200 22.000 Sales people's salaries 100,000 10,000 Office supples for Admin office Expense 3,000 23.000 Factory Insurance Cont 000 13 Commissions for Sales people " From the information above determine the total amount of 1 Total Manufacturing Overhead 2 Total Manufacturing Product Costs 3 Total Non-Manufacturing Period Costs Ending June 30 records for June 30 for ABC Company 2,200,000 170,000 40.000 Revenue Raw Materials Purchased in Month Direct Labor Cost Advertising Expense 25,000 Renton Factory 40,000 Sales Commissions 40,000 Maintenance Expense on factory Equip 15,000 Supplies for the Factory 10,000 Depreciation on Factory Equipment 25,000 Indirect labor Cost 35,000 Usities Expense for Factory 15,000 Depreciation on Sales Office Cars 30.000 Raw Mat Work in Process Finished Goods 15,000 20,000 25,000 10,000 30.000 10,000 Beginning Inventory Ending Inventory 41 42 45 44 " Prepare the Cost of Goods Manufactured and Cost of goods sold for the month below 2 22 11 Create an Income Statement for the month (Simple format, include period costs) 14 71 72 73 Create an Income Statement for the month (Simple format, include period costs) 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 Manufacturing Overhead Costs estimated $700,000 97 98 99 100 Direct Labor Hours estimated Machine Hours estimated 350,000 100,000 101 102 Direct Labor Costs estimated $1,400,000 103 104 Determine the Pre-determined Overhead rate based on the following: 105 106 a 107 108 b 109 110 111 112 Direct Labor Hours Machine Hours per hour per hour C Direct Labor Cost per direct labor dollar AJ Smith Compay has the following beginning inventory balances at 110019 Beginning Raw mater Food $16.000 $25,000 112 And the blowing transaction 1. Purchased Raw Materials on account for 200.000 2. o begining invertory shed goods) to factory workers was $75,000. A paid 3. Factory off and utty bis for 4000 for the month were pain ca Material and labor was charged to jobs in P in January as fulbs Job 111 Job-112 Jud113 General use Todel Material Labor Overheat $45.000 $21,000 0000 $20.000 $10.000 $10.000 $20,000 $75,000 Make ajo for the mate and the boros 3(2) 5. Manufacturing overhead is applied at are of $3 per der Ther were 55000 dct labor dolers in 6 111 and 112 were completed and tandemed to Snished Goods 7. Job 111ld for $200 000. Make the jounale the clude What is the over or under appled overhead amount under What is the total ending inventory ind RM, WP and FG at 112019 Cats Jounalereres for each transaction brow Accours chacas one Cate Crudt 189 V. 190 191 192 193 194 195 196 197 198 199 200 201 Physical Units Data Beginning Work in Process Units Started to Work in Process Ending Work in Process (100% complete materials, 75% complete for conversion costs Manufacturing Cost Data Beginning work in Process 500 units 1,000 units 600 units Materials $750 Conversion Costs $600 202 203 Costs added 204 205 Materials Conversion Costs $2,400 $2,820 206 207 Step 1&2. Account for the Physical units and Determine the Equivalent units completed for the month 208 209 210 211 212 213 214 215 216 217 218 219 Step 3 Determine the material and conversion costs per equivalent unit 220 221 222 223 224 225 226 227 228 229 230 Step 4 Prepare a cost reconciliation 231